Clinical Trial Supply & Logistics Market - By Service Type (Logistics & Distribution), Phase (Phase I, Phase II), Therapeutic Area (Oncology, Ophthalmology), End-use, Global Forecast, 2023 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationClinical Trial Supply & Logistics Market Size
Clinical Trial Supply & Logistics Market size was valued at USD 3.7 billion in 2022 and is anticipated to grow with a CAGR of 7.9% by 2032, to reach an estimated value of USD 7.7 billion by 2032. The increasing prevalence of chronic diseases and the growing demand for novel therapies has spurred the number of clinical trials globally. This heightened research activity necessitates a well-organized supply chain to ensure timely and efficient delivery of investigational drugs and medical supplies.
Moreover, the globalization of clinical trials, with a growing number of studies conducted in emerging markets, has led to greater demand for specialized logistics services that can navigate complex regulatory environments.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Clinical Trial Supply & Logistics Market Size in 2022 | USD 3.7 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.9% |
| 2032 Value Projection | USD 7.7 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 279 |
| Segments covered | Service Type, Phase, Therapeutic Area, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Clinical trial supply and logistics refers to the management and distribution of investigational drugs, medical devices, or other materials required for conducting clinical trials, which are research studies involving human participants to evaluate the safety and effectiveness of new medical treatments or interventions. Effective supply and logistics management are critical to ensuring the smooth and ethical conduct of clinical trials.
COVID-19 Impact
The COVID-19 pandemic had a slight negative impact on the clinical trial supply and logistics market. The disruptions caused by the pandemic, including lockdowns, travel restrictions, and supply chain interruptions, created significant challenges for pharmaceutical companies conducting clinical trials. Many trials had to be delayed or suspended altogether, leading to increased costs and prolonged development timelines. Additionally, the heightened demand for healthcare resources strained the availability of skilled personnel and resources needed to manage clinical trial logistics effectively.
Clinical Trial Supply & Logistics Market Trends
Hey there, As more and more clinical trials are being done, it's creating a huge demand for supply chains that can keep up. Think about how those meds and gadgets get to the people in the trials. It's a big deal. The reason for this surge? Well, new treatments are getting more complicated, trials are happening all over the world, and everyone wants their drugs approved faster. So, drug companies, research groups, and anyone else involved are turning to special logistics companies to make sure everything gets where it needs to be, when it needs to be.
Clinical Trial Supply & Logistics Restraint
Imagine you're orchestrating a dance, but each country has its own intricate steps. That's what it's like for companies trying to deliver medicine to clinical trial sites in different parts of the world. They have to follow a maze of rules set by different countries. These rules can be like slippery shoes, making it hard to keep up. Companies have to plan and prepare meticulously, but even then, delays and extra costs are like clumsy interruptions. And to top it off, the rules keep changing, like the music in the dance, making it hard to stay on your toes. It's like trying to navigate a minefield, but the mines are constantly moving. Companies need to find experts and tools to guide them through this treacherous terrain. Only then can they ensure the medicine reaches the trial sites on time and safely, without getting lost in the regulatory maze.
Clinical Trial Supply & Logistics Market Analysis
Imagine you're planning a grand event, like a wedding or a conference. You'd need to arrange everything from invitations to food and drinks, right? Well, that's what clinical trial supply and logistics companies do for drug research. They're like the behind-the-scenes heroes making sure every part of a clinical trial runs smoothly. They handle everything from moving trial materials around to storing samples and packaging medications. One of their most important jobs is logistics and distribution. Think of it like shipping a delicate package across the world. Clinical trials involve transporting sensitive drugs, samples, and equipment, so they need to be delivered quickly and safely. As more and more drugs are being developed and tested, the demand for these logistics services is soaring. That's why the logistics and distribution part of this industry is expected to grow by almost 8% each year until 2032. This growth is driven by the increasing need for efficient and reliable ways to move trial materials for global studies. As precision medicine takes off, researchers also need specialized logistics solutions to meet the unique demands of each trial.
By phase, the clinical trial supply & logistics market is segmented into Phase I, Phase II, Phase III, and Phase IV. Phase III segment accounted for USD 1.8 million in 2022. Phase III trials, often the final and pivotal stage in drug development, require large-scale testing on diverse patient populations, necessitating a robust supply chain and logistics infrastructure to ensure the seamless distribution of investigational drugs, medical supplies, and trial materials. As the pharmaceutical and biotechnology industries continue to expand their pipelines with promising drug candidates, the demand for phase III clinical trials has risen significantly.
Imagine you're a doctor working in a hospital. You need specific medicines and medical supplies to treat your patients. These supplies are used in clinical trials, which are research studies that test new treatments. Now, let's break down the different types of supplies needed, depending on what the medicines are being used for1. Cancer (oncology) This is a huge area and it's growing because more and more people are getting cancer. Plus, new medicines are being developed all the time. So, there's a big need for supplies to support these trials. 2. Infectious diseases These are illnesses caused by germs, like viruses and bacteria. They need different supplies to test new treatments against these germs. 3. Heart conditions (cardiovascular diseases) There's a lot of research going into new ways to treat heart problems. That means a lot of supplies are needed for these trials. 4. Eye problems (ophthalmology)Researchers are working on new treatments for eye conditions. So, there's a demand for supplies to support these trials. 5. Skin conditions (dermatology) New treatments are being developed for skin conditions. So, there's a need for supplies for these trials as well. 6. Immune system disorders (autoimmune diseases) These conditions happen when the body's immune system attacks itself. There's a lot of research going on to find better treatments. And that means more supplies are needed. 7. Other treatments There are many other areas of medicine where new treatments are being studied. So, there's a need for supplies for these trials too. Cancer is the main area that needs supplies right now. It's because of the high number of people getting cancer and the many new treatments being developed. These trials are complex and need special care because they involve different types of patients and have strict rules. That's why there's a big demand for companies that can handle the supply chain for these trials.
Who's using clinical trial supplies and logistics services? It's a mix of big players in the healthcare industryDrug companiesThey're making new medicines and treatments, so they need supplies and logistics to support their clinical trials. Biotech companiesSimilar to drug companies, they're also focused on developing new therapies. Research companies (CROs)These companies help conduct clinical trials for other companies. Other companiesHospitals, universities, and other organizations involved in clinical trials. Drug companies and biotech companies are expected to spend a lot of money on these services in the coming years. Why? Because they're constantly working on new treatments, and that requires a lot of testing and supplies. They want to make sure their products are safe and effective, and they need the right tools and services to do that. So, the more they invest in clinical trials, the more they'll need these services.
North America dominated the clinical trial supply & logistics market with 55.4% market share in 2022. This region has consistently demonstrated its commitment to advancing healthcare and pharmaceutical research, resulting in a thriving clinical trials ecosystem. Factors contributing to this high expansion include a well-developed infrastructure, a skilled workforce, and a supportive regulatory environment.
Moreover, the North American pharmaceutical and biotechnology industries continue to drive innovation, necessitating a parallel growth in clinical trials to test and bring new therapies to market. With its dynamic and competitive landscape, North America remains a pivotal hub for clinical trials, attracting both domestic and international stakeholders seeking to capitalize on the burgeoning opportunities within this critical sector.
Clinical Trial Supply & Logistics Market Share
Market players operating in the clinical trial supply & logistics market is as mentioned below
- Thermo Fisher Scientific Inc. (Patheon)
- Catalent, Inc.
- Parexel
- Almac Group
- Marken
- Piramal Pharma Solutions
- UDG Healthcare
- DHL
- Movianto
- Packaging Coordinators Inc.
Within the clinical trial supply & logistics market, major industry players along with small and mid-size companies compete to offer advanced services in this space. Thermo Fisher Scientific, Piramal Pharm and Packaging Coordinators Inc accounts for largest market share in the overall industry. By meticulously assessing the market share of each company, considering factors such as the breadth of service offerings and customer satisfaction, one can unveil valuable insights into the competitive landscape of this market and strategically position themselves for success in this sector.
Clinical Trial Supply & Logistics Industry News
- In June 2022, Catalent expanded its primary packaging abilities by installing an elevated blister packaging line to enhance its already automated bottling line at its clinical supply facility in Shiga, Japan.
- In April 2021, Parexel and Veeva Systems entered a strategic collaboration to accelerate clinical trials through technology and process innovation. The unique collaboration combined the best of each company’s experience across thousands of studies worldwide to improve study efficiency and get new therapies to patients faster.
The clinical trial supply & logistics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments
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By Service Type
- Logistics & distribution
- Storage & retention
- Packaging, labeling & blinding
- Drug manufacturing
- Comparator sourcing
- Other services
By Phase
- Phase I
- Phase II
- Phase III
- Phase IV
By Therapeutic Area
- Oncology
- Infectious diseases
- Cardiovascular diseases
- Ophthalmology
- Dermatology
- Autoimmune disease
- Other therapeutic areas
By End-use
- Pharmaceutical & biotechnology companies
- Contract Research Organizations (CROs)
- Medical device companies
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
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